By Ketki Saxena
Investing.com – Canada’s main stock index erased the day’s early losses to track Wall Street higher by afternoon trading. The tech-heavy Nasdaq led Wall Street higher, with gains driven by megacaps including Microsoft (NASDAQ:MSFT) following news that ousted OpenAI head Sam Altman will join the company.
Investor optimism was also driven by earnings from Nvidia due tomorrow, and as investors await minutes from the Fed’s November meeting, also due tomorrow.
Canadian investors will also be keeping an eye on tomorrow’s domestic CPI figures.
The commodity-heavy Canadian index also got a bump from crude prices, on the specter of deepening supply cuts from OPEC+.
Toronto Stock Market News
Shares First Quantum Minerals (TSX:FM) slid after reports the miner will begin maintenance at its Panama mine from Nov 23, essentially suspending operations after days of protests have blocked shipments of supplies required to power the operations of the mine.
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Toronto Stock Market Movers
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In Canadian Economics
No major Canadian economic data expected
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All currencies Canadian Dollar unless noted otherwise.